The number of customer orders for 21-inch (“two-page”) computer monitors at a large mail-order firm averages 10 monitors per day. The average level of customer demand is constant, and customers do not affect one another in their buying habits. a.Determine the probability that more than 10 monitors will be purchased in a day. b.Find the probability that exactly 7 monitors will be purchased in a day. C.There are currently 12 monitors in stock, and no more will arrive from the manufacturer for another 2 days. What is the probability that no monitor will have to be back ordered?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
The number of customer orders for 21-inch (“two-page”) computer monitors at a large mail-order firm averages 10 monitors per day. The average level of customer demand is constant, and customers do not affect one another in their buying habits.
a.Determine the
b.Find the probability that exactly 7 monitors will be purchased in a day.
C.There are currently 12 monitors in stock, and no more will arrive from the manufacturer for another 2 days. What is the probability that no monitor will have to be back ordered?
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